Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Gamesa Corporacion Tecnologica SA    GAM   ES0143416115

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Gamesa Corporacion Tecnologica SA : Gamesa provides a preview of its 2012 results*, in line with its 2013-2015 Business Plan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2013 | 07:32pm CET
Gamesa provides a preview of its 2012 results*, in line with its 2013-2015 Business Plan
  • The company shores up its balance sheet in the net amount of 584 million euros

Gamesa this afternoon released a preview of its 2012 results, in line with the guidance the company provided the market on 25 October, illustrating Gamesa's progress on implementing its 2013-2015 Business Plan.

Recurring activity continue to underscore the soundness of Gamesa's business, with positive EBIT of €7M, meeting the targets previously issued to the market. In addition, sales at the end of 2012 totalled 2,119 MW, surpassing the company's target of 2,000 MW.

Gamesa also announced that it has strengthened its balance sheet in the net amount of 584 million euros. The purpose of this restructuring - previously announced to the market as a cornerstone of the new Business Plan - is to adjust the value of the company's assets, with a focus on two key areas. First, it aims to bring the balance sheet into line with the Business Plan (to include facility closures, changes in product strategy and staff restructuring). Second, it tailors the corporation to current market conditions (including industry-wide changes in demand, regulation in key markets and the need for provisioning).

"This was a year for prudence and responsibility, for aligning the balance sheet with our new 2013-2015 Business Plan and with the industry's performance," said Gamesa Chairman and CEO Ignacio Martín. "This one-off event is the foundation for recovery in our operating income in 2013."

2013 and beyond

Gamesa on 25 October released its 2013-2015 Business Plan, which is designed to enable it to weather the industry downturn, adapt its corporate structure to the prevailing climate and emerge a stronger company as one of the global leaders in the wind energy industry. Furthermore, the Plan aims to restore and maintain profitability, strengthen the balance sheet (reduce debt), focus on key markets and growth businesses and offer competitive technological solutions (new 2.5 MW and 5.5 MW turbine systems).

Meanwhile, the outlook for 2013 is encouraging and serves as an endorsement of Gamesa's revamped commercial positioning. Specifically, Gamesa ended 2012 with a portfolio of definitive contracts totalling 1,657 MW, with 571 MW signed in the fourth quarter alone, and has already covered 50% of its budgeted sales volume for 2013.

These figures illustrate the wind power sector's solid future in the medium and long term, which is underpinned by the industry's efficiency -- cost of energy -- and its contribution to solving energy systems' structural problems: energy dependence, price volatility, inefficient use of resources and environmental impact.

*Provisional financial figures, subject to completion of an external audit

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GAMESA CORPORACION TECNOLO
01/13 GAMESA CORPORACION TECNOLOGICA : NovaScott bags supplier status from Gamesa for ..
01/13 GAMESA CORPORACION TECNOLOGICA : The Company announces the expected dates of its..
01/11 GAMESA CORPORACION TECNOLOGICA : NovaScott Gains Gelcoat Supplier Approval from ..
01/10 GAMESA CORPORACION TECNOLOGICA : G126-2.5 MW named best turbine of the year in t..
01/10 AREVA : completes stake sale in Adwen to Gamesa
01/08 GAMESA CORPORACION TECNOLOGICA : Wind energy project cargo arrives at Krishnapat..
01/07 AREVA : completes sales of Adwen stake
01/06 IBERDROLA : La Plana turns 20 in Spain
01/06 AREVA : Wind power, AREVA sells its stake to Gamesa
01/05 GAMESA CORPORACION TECNOLOGICA : The Company announces the acquisition from Arev..
More news
Sector news : Wind Systems & Equipment
01/06 VESTAS WIND A/S : shares rise after 2016 cash flow adjusted higher
2016 European renewable stocks fall on concern Trump will cut support
2016 After StanChart and UBS, Hong Kong regulator warns of more IPO sponsor probes
2016DJE.ON to Invest $500 Million in Illinois Wind Farm
2016 Wind turbines firm Senvion says big merger deal not in prospect
More sector news : Wind Systems & Equipment
News from SeekingAlpha
2016 SIEMENS ACQUISITION OF MENTOR GRAPHI : Yay Or Nay?
2016 OPPORTUNITY OFFSHORE : With Just 5 Offshore Turbines, The U.S. Off-Shore Wind In..
2016 Gamesa buys half of Adwen for ?60M
2016 REUTERS : Siemens, Gamesa reject bids from GE for wind power JV
2016 REPORT : GE nears submitting bid to acquire Adwen
Advertisement
Financials (€)
Sales 2016 4 588 M
EBIT 2016 462 M
Net income 2016 316 M
Finance 2016 440 M
Yield 2016 1,22%
P/E ratio 2016 18,91
P/E ratio 2017 17,93
EV / Sales 2016 1,10x
EV / Sales 2017 1,00x
Capitalization 5 502 M
More Financials
Chart GAMESA CORPORACION TECNOLO
Duration : Period :
Gamesa Corporacion Tecnolo Technical Analysis Chart | GAM | ES0143416115 | 4-Traders
Full-screen chart
Technical analysis trends GAMESA CORPORACIO...
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 22,3 €
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ignacio Martín San Vicente Executive Chairman & Chief Executive Officer
Ignacio Artázcoz Barrena Chief Financial Officer
Juan Luis Arregui Ciarsolo Deputy Chairman
Carlos Emilio Rodríguez-Quiroga Menendez Secretary, Executive Director & Legal Counsel
Luis Lada Díaz Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GAMESA CORPORACION TEC..2.44%5 866
VESTAS WIND SYSTEMS A/..3.59%15 079
XINJIANG GOLDWIND SCIE..--.--%6 147
TITAN WIND ENERGY (SUZ..--.--%1 723
SUZLON ENERGY LTD8.66%1 109
NANFENG VENTILATOR CO...--.--%1 025
More Results